New Fortress Energy Inc (NASDAQ: NFE) is -75.11% lower on its value in year-to-date trading and has touched a low of $7.82 and a high of $40.04 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NFE stock was last observed hovering at around $9.81 in the last trading session, with the day’s loss setting it -0.42%.
Currently trading at $9.39, the stock is 5.65% and -2.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.46 million and changing -4.28% at the moment leaves the stock -55.66% off its SMA200. NFE registered -71.55% loss for a year compared to 6-month loss of -67.46%. The firm has a 50-day simple moving average (SMA 50) of $9.6317 and a 200-day simple moving average (SMA200) of $21.299625.
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The stock witnessed a -2.69% gain in the last 1 month and extending the period to 3 months gives it a -32.74%, and is 5.39% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.75% over the week and 6.86% over the month.
New Fortress Energy Inc (NFE) has around 1390 employees, a market worth around $2.36B and $2.44B in sales. Current P/E ratio is 10.40 and Fwd P/E is 8.11. Profit margin for the company is 7.79%. Distance from 52-week low is 20.08% and -76.55% from its 52-week high. The company has generated returns on investments over the last 12 months (1.99%).
with sales reaching $615M over the same period.The EPS is expected to shrink by -81.85% this year, but quarterly earnings will post -5.10% year-over-year. Quarterly sales are estimated to shrink -18.90% in year-over-year returns.
New Fortress Energy Inc (NFE) Top Institutional Holders
303.0 institutions hold shares in New Fortress Energy Inc (NFE), with institutional investors hold 99.34% of the company’s shares. The shares outstanding are 205.00M, and float is at 134.63M with Short Float at 23.98%. Institutions hold 57.07% of the Float.
The top institutional shareholder in the company is GREAT MOUNTAIN PARTNERS LLC with over 25.56 million shares valued at $561.81 million. The investor’s holdings represent 12.4644% of the NFE Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL WORLD INVESTORS with 17.8 million shares valued at $391.19 million to account for 8.679 of the shares outstanding. The other top investors are FORTRESS INVESTMENT GROUP LLC which holds 13.4 million shares representing 6.5343% and valued at over $294.52 million, while WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC holds 4.6568 of the shares totaling 9.55 million with a market value of $209.9 million.
New Fortress Energy Inc (NFE) Insider Activity
The most recent transaction is an insider purchase by EDENS WESLEY R, the company’s Chief Executive Officer. SEC filings show that EDENS WESLEY R bought 5,793,742 shares of the company’s common stock on Oct 01 ’24 at a price of $8.63 per share for a total of $50.0 million. Following the purchase, the insider now owns 35.72 million shares.
